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Federal Coronavirus Relief: CARES Act FAQ

13 min readBy: Amir El-Sibaie, Erica York, Garrett Watson

Congress's latest coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest economic relief bill in U.S. history and will allocate $2.2 trillion in support to individuals and businesses affected by the pandemic and economic downturn. Many people have questions about how the new law impacts their families and businesses.

Disclaimer: The information in this FAQ may not apply to your specific tax situation. Please direct any tax preparation and filing questions to a professional tax preparer or the Internal Revenue Service (IRS). The Tax Foundation cannot answer specific questions about your tax situation or assist in the tax filing process.

The Basics

Rebates for Dependents

Rebates and Tax Returns

How Does Social Security Impact Rebates?

Payroll Tax Changes

Unemployment Insurance Changes